Uranium is in its element, making a glowing comeback in the world’s energy portfolio. Driven by the urgent need for stable, carbon-free power sources, the world is embracing one of its energy pastimes: nuclear energy. Currently, 61 nuclear power plants are under construction — mostly in Asian countries like China and India — with another 90 in planning and over 300 proposed.

• This resurgence reflects a renewed global interest in nuclear power, driven by goals to combat climate change and enhance energy security, reducing reliance on natural gas and oil.
• The comeback is spurring demand for uranium, with prices soaring 233% from 2019-2024, surpassing even gold and silver’s 75% and 99% runs during the same period.

Fission mission: The US government has enacted legislation to promote the development and construction of new nuclear power plants — signaling a significant shift towards embracing nuclear energy. This legislation also includes a ban on importing Russian uranium — reducing dependence on Russian energy sources amid geopolitical tensions. These measures are expected to strengthen domestic uranium demand and ensure a steady supply within the US.